New Issue: Credit Suisse sells $3 million Accelerated Return Equity Securities on index, ETF

By Sarah Lizee

Olympia, Wash., April 10 – Credit Suisse AG, London Branch priced $3 million of 0% Accelerated Return Equity Securities due April 13, 2020 linked to the Hang Seng index and the iShares China Large-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing asset is greater than the initial level, the payout at maturity will be par plus 200% of the return of the lesser performing asset, capped at par plus 30%.

If either asset finishes below its initial level, investors will be fully exposed to the decline of the lesser performing asset from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying assets:	Hang Seng index and the iShares China Large-Cap ETF
Amount:	$3 million
Maturity:	April 13, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of the lesser performing asset is greater than the initial level, par plus 200% of the return of the lesser performing asset, capped at par plus 30%; if either asset finishes below its initial level, full exposure to the decline of the lesser performing asset from its initial level
Initial levels:	30,077.15 for Hang Seng, $45.71 for iShares China
Pricing date:	April 8
Settlement date:	April 11
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.4%
Cusip:	22552FAK8

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